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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT2 years Service code 15 1211 AVE OF AMERICAS · NEW YORK, NY 10036 | Recordkeeping | $52,260 |
PAYCHEX, INC.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $28,944 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $213,525 | $136,307+56.7% | $177,840+20.1% | $73,493+190.5% |
| Participation rate | 95.2% | 86.1%+9.1pp | 87.7%+7.5pp | 70.7%+24.5pp |
| Annual return | 15.26% | 18.68%-3.4pp | 48.32%-33.1pp | 28.51%-13.3pp |
| Employer contribution / active EE | $17,524 | $3,712+372.1% | $5,919+196.1% | $2,270+672.0% |
| Participant deferral / active EE | $20,512 | $5,829+251.9% | $7,714+165.9% | $3,740+448.5% |
| Admin fee / account holder | $535 | $596-10.1% | $12,431-95.7% | $513+4.3% |